provides to the customers and not makes the products. It is a private business this means it is a business owned privately. Tesco is a global business with branches even in China and India. It’s a large business. Business ownership- Partnership‚ Tesco is a partnership because it is a really big business with millions of branches all over the world. Tesco has thousands of partners‚ this is because Tesco needs funds to run the business and buy the products limited liability. Limited liability is when
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QUESTION 2 (25%) Top and Middle are in partnership‚ sharing profits and losses in proportion 75% and 25%. The partnership agreement provided as follows: (a) Interest at the rate of 10% per annum is to be allowed on the partners’ Capital Account balances. (b) Interest on drawings was to be calculated at 4% per annum. (c) Top was allowed a salary of RM400 per month. (d) Interest on partner loan was 6% per annum. Trial Balance As At 31 December 2009 RM Capital : Top : Middle Current Account : Top :
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LAW (PARTNERSHIP AND CORPORATION) GAMMAD‚ MARY JANE M. (Art. 1833-1836) ARTICLE 1833 Where the dissolution is caused bythe act‚ death or insolvency of partner‚ eachpartner is liable to his co-partners for his share of any liability created by any partner acting for thepartnership as if the partnership had not beendissolved unless: 1.)The dissolution being the act of anypartner‚ the partner acting for thepartnership had knowledge of thedissolution; or 2.)The dissolution being by the death orinsolvency
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Week 3 Discussion 1 Partnership Entity * Determine the key factors to be considered when deciding on forming a partnership. Factors to be considered when deciding on forming a partnership are: what type of business‚ type of company (DBA‚ LLC‚ LLP‚ Partnership‚ Sole prop)‚ what kind of products‚ cost of starting‚ financing‚ Investors‚ taxes‚ your location‚ your market region‚ what’s your market clientele. Some other personal factors may include having common interests or concerns‚ understanding
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Introduction According to Coag (2009)‚ Partnership is defined a co-operative and mutually beneficial relationship between those working together and sharing a responsibility to achieve a common goal‚ such as positive outcomes for children. Effective partnerships require good faith‚ mutual respect and common understanding from which decisions can be made. Effective partnerships require good faith‚ mutual respect and common understanding from which decisions can be made. Research has proven that the
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2013 BUS223 Organisational Theory and Behaviour Team Research Report (TRR) Job Design‚ Goal Setting and Flexible Work Arrangements. ------------------------------------------------- Lecturer: Richard Chua ------------------------------------------------- Date Due: 18/10/2013 ------------------------------------------------- ------------------------------------------------- Word Count:4000 ------------------------------------------------- Excluding references and content page.
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‘I can’t believe how much we have changed in a relatively short time. From being an inward-looking manufacturer‚we became a customer-focused “design and make”operation. Now we are an integrated service provider. Most of our new business comes from the partnerships we have formed with design houses. In effect‚ we design products jointly with specialist design houses that have a well-known brand‚ and offer them a complete service of manufacturing and distribution. In many ways we are now a “business-to-business”
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Alex Klein‚ Chairperson of Partnership Development Committee AK SUBJECT: Recommendation for a Job Shadowing Program DATE: March 30‚ 2013 RECOMMENDATION The Partnership Development Committee recommends that UT Federal Credit Union initiate a job-shadowing program for two students majoring in Business Management at Pellissippi State Community College in order to fulfill the Board of Director’s strategic goal to “develop strong partnerships with area colleges.” DEFINITIONS
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distinct from its owners and its continued existence is dependent upon the corporate statutes of the state in which it is incorporated. Characteristics of a Corporation The characteristics that distinguish a corporation from proprietorships and partnerships are: 1. Separate legal entity – A corporation is an artificial being with a personality separate from that of its individual owners (i.e.‚ the corporation has separate legal existence from its owners). 2. Created by operation of law – A corporation
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Is Uganda a developed or developing country? The country that I’m doing is Uganda. I think that this is a developing country. Why is this a developing country? Because this country has more agricultural production rather than industrial. This is one way to tell because a developed country would have more industrial production and more services and a developing country is identified as a country who has more agricultural production like farming. This country is agricultural because it accounts
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